Fountain Valley, California, Bankruptcy Law Attorney
In business, good ideas, while worth trying, do not always lead to success. When a business needs to close, Chapter 7 bankruptcy can facilitate the conclusive end of the business by liquidating its assets and using the proceeds to pay creditors, thus allowing the owner to avoid further debt.
Individuals can also encounter financial issues from many circumstances and events, including mortgage debt and ARM issues, unemployment, credit cards, divorce and medical bills, among many others. Individuals in these difficult situations can file for liquidation or reorganization bankruptcy protection.
We Can Help You or Your Business Decide Which Is Best for You
There are several bankruptcy law options that serve the general needs of the vast majority of people and businesses:
Individuals
- Chapter 7 bankruptcy, sometimes called "liquidation bankruptcy," uses the mandatory sale of nonexempt property to pay creditors and satisfy debts. Because mortgage debt for your primary home is usually exempt, most people are able to keep their house, household goods and other valuable belongings. Our Chapter 7 Bankruptcy Filing Fees start at a flat rate of $750 plus filing fees for a single filer with no assets.
- Chapter 13 bankruptcy is sometimes referred to as "reorganization" bankruptcy. Under it, the individual reorganizes his or her finances, allowing for the retention of all property and continued debt repayment on a reduced level through debt forgiveness and debt consolidation. Chapter 13 is usually executed through a three to five year plan.
Businesses
- Chapter 7 bankruptcy for businesses requires that the business stop operating, liquidate its assets and use the proceeds of the sale to pay creditors. Under Chapter 7 bankruptcy, debts are reduced and court-issued deadlines ensure the company's closing will not be indefinitely delayed or extended.
Contact Us for Experienced and Skilled Bankruptcy Law Services
When debt becomes insurmountable, please don't struggle indefinitely in a losing battle. Bankruptcy protection was made available to ensure fresh starts for both business owners and individuals. The Law Offices of Matthew Faler has helped many area people and businesses enter into and leave bankruptcy protection. To schedule an appointment to discuss your bankruptcy law options with an experienced lawyer, contact us at 714-465-4433.
Law Offices of Matthew Faler
17330 Brookhurst Street, Suite 240
Fountain Valley, CA 92708
Telephone: 714-465-4433
Fax: 714-965-7823
